309 Union St Paragon, IN 46166
This exceptional commercial property, located at 309 W Union Street in Paragon, Indiana, presents a unique investment opportunity. The expansive 8,606 square foot building offers significant potential for a variety of uses. Previously operating as a Step Saver IGA grocery store, the building's layout and infrastructure provide a solid foundation for diverse business ventures. The inclusion of two gas pumps adds further value and potential revenue streams. The property's location in Morgan County offers excellent access to a thriving community. The building's adaptability makes it suitable for a range of concepts, including restaurants, self-storage facilities, or athletic-related businesses. Its current vacant status allows for immediate occupancy and customization to suit a new owner's specific needs. The 0.6-acre lot provides ample space for expansion or outdoor activities, depending on the chosen business model. This property is readily available for viewing, offering a convenient and straightforward process for prospective buyers to assess its potential. The asking price of $309,000 represents a compelling investment opportunity in a desirable location. Don't miss this chance to acquire a versatile commercial property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.